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About This Home
This 5-bedroom, 5-bathroom residential multi family at 522 S State Street in Belvidere, IL is listed for $450,000 ($108 per sqft). Built in 1889, the home offers 4,180 sqft of living space on a N/A lot.
Prime Downtown Belvidere Mixed-Use Investment Opportunity! This turnkey property offers strong, immediate cash flow with an established bar on the main level featuring a full kitchen, 5 gaming machines, and 3 pool tables. Upstairs, you'll find five fully occupied residential lofts, each equipped with a stove, refrigerator, and microwave, and occupied by long-term tenants.
The building has been well maintained and features central air conditioning throughout. Located in the heart of Downtown Belvidere and just minutes from the planned Metra station expected in 2027, this property is well positioned for future growth, increased demand, and long-term appreciation. A rare opportunity to acquire a fully occupied, income-producing asset in a rapidly developing area.
Key Features
- Built in 1889
- 2 stories
- 20 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
522 S State Street
Belvidere, IL 61008
Property Details
Heating
Cooling
Appliances
Questions & Answers
This 5-bedroom, 5-bathroom residential multi family at 522 S State Street is listed at $450,000 ($108/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1889, 2 stories, 20 parking spaces.
This property is listed by Fidel Batres and can be reached at 8152900333 or fbatres@fidelityhomes123.com.
